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Lowell 01852 Back Central
512 Gorham Street
$69,000
● House - Off Market

512 Gorham Street

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,663 Ft²
$101,062
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Attention builders, contractors and rehabbers! Quaint 2 bed, 1 bath Colonial in need of repairs and updates! The home needs major improvements, as reflected in the price. This house has lots of potential, and once work has been completed will be a great home for those starting out. CASH OR REHAB LOAN ONLY! PROPERTY BEING SOLD IN IT'S "AS IS CONDITION". MINUTES TO 495 LOWELL CONNECTOR, SHORT WALK TO COMMUTER RAIL INTO BOSTON. CONVENIENT TO ALL LOCAL - BUSES AND ENTERTAINMENT.
Unit Size
1,663 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$41
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #72546767)

Price History

Date / Event Date Event Price
Sep 25, 2019 Sold
Premium
Sold
Aug 7, 2019 Listed by Century 21 North East $69,000
Listed by Century 21 North East
Nov 17, 1976 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 513
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,471
  • Total Building Area: 1,663
  • Gross Building Area: 2,118
  • Building Area: 1,663
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,663
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000080
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lowell School District
  • School Tax School District: LOWELL SD
  • Census Tract: 312000

Zoning

  • Zoning: TTF

Geography

  • Account Number: O02400
  • Parcel: LOWE M:182 B:2675 L:512
  • Block: 2675
  • Lot: 512
  • Municipality: LOWELL
  • Latitude: 42.6349
  • Longitude: -71.3088

    Address

  • Full Address: 512 Gorham St
  • Address - House Number: 512
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C078
  • 4-Digit Zip Code: 4020
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $364,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 417,142
  • High Value: 485,624
  • Low Value: 348,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,300
  • Assessed Land Value: $87,200
  • Assessed Improvements Value: $206,100

    Sales

  • Current Sale Contract Date: Sep 24, 2019
  • Current Sale Recording Date: Sep 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 41160
  • Previous Sale Recording Date: Nov 17, 1976
  • Previous Sale Amount: $16,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Back Central

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$294

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2813 ft²

Average Home Age

74.9 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72546767

Frequently Asked Questions

When was property at 512 Gorham Street built and last sold?
The property at 512 Gorham Street was built in 1910 and last sold on Sep 24, 2019 for $69,000.
How much is this home worth?
The estimated value of the home located at 512 Gorham Street is $92,640.
What are some comparable homes to 512 Gorham Street?
There are currently no comparable homes to 512 Gorham Street.
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